MARA to $18
Updated
MODs have suggested that I provide more detail about the picks I make.
Sorry. I'm not as verbose as y'all, and I don't like things to be complicated.
My trading system is very simple.
I buy or sell at top & bottom of parallel channels.
I confirm when price hits Fibonacci levels.
Bonus if a TTM Squeeze in in play.
I hold until target is reached or end of year, when I can book a loss.
So...
Here's why I'm picking this symbol to do the thing.
Price at bottom channels
Stochastic Momentum Index (SMI) at oversold level
TTM Squeeze just turned off
TTM Squeeze momentum is down
Impulse MACD is crossed over to the downside
In at $13.41
Target is upper channel around $18
Sorry. I'm not as verbose as y'all, and I don't like things to be complicated.
My trading system is very simple.
I buy or sell at top & bottom of parallel channels.
I confirm when price hits Fibonacci levels.
Bonus if a TTM Squeeze in in play.
I hold until target is reached or end of year, when I can book a loss.
So...
Here's why I'm picking this symbol to do the thing.
Price at bottom channels
Stochastic Momentum Index (SMI) at oversold level
TTM Squeeze just turned off
TTM Squeeze momentum is down
Impulse MACD is crossed over to the downside
In at $13.41
Target is upper channel around $18
Trade closed: target reached
$17.42 is close enough. Taking profits as MARA reaches upper channel boundary on the 4HR chart.
SUCCESS!
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